Customers will benefit from expanded product access, deeper technical resources and a larger team committed to helping shops, says Wesco president
Lynnwood, Wash.and Raleigh, N.C.—Wesco Group announced on Monday that it has entered into a definitive agreement to acquire National Coatings & Supplies (NCS), distributors of coatings and related solutions to aftermarket automotive refinish and specialty industrial customers. Terms of the transaction were not disclosed.
“This combination represents an exciting opportunity for both organizations,” said Wesco President Josh Cox. “Customers will benefit from expanded product access, deeper technical resources and a larger team committed to helping shops improve performance and succeed. For our supplier partners, this combination establishes a unified platform that makes it easier to support customers consistently across North America.”
John Leavy, president and CEO of NCS, stated, “The transaction represents a transformative opportunity, combining our organizations to deliver increased value to our customers and accelerated growth potential for the vendors we represent. Our employees will experience expanded opportunities for career growth, and the chance to work on new and exciting challenges within the combined organization.”
Closing of the transaction is subject to receipt of customary regulatory approvals. Until that time, Wesco and NCS will continue to operate as separate and independent companies.
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